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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Oil and gas sales $ 10,566 $ 7,533
Transportation and gathering revenue 964 979
Price risk management activities (2,516) (2,804)
Other income 139 5
Total revenues 9,153 5,713
Costs and expenses    
Production costs 3,298 2,908
Production taxes 1,234 942
Exploration expenses including dry hole costs 34 24
Pipeline operating costs 1,195 1,514
Impairment and abandonment of equipment and properties 675 1,064
General and administrative 2,082 1,616
Depreciation, depletion and amortization 5,250 5,222
Total costs and expenses 13,768 13,290
Loss from operations (4,615) (7,577)
Interest expense, net 350 332
Loss before income taxes (4,965) (7,909)
Benefit for deferred income taxes 579 2,733
Net loss (4,386) (5,176)
Preferred stock dividends 931 931
Net loss attributable to common stock $ (5,317) $ (6,107)
Net loss per common share:    
Basic $ (0.45) $ (0.54)
Diluted $ (0.45) $ (0.54)
Weighted average shares outstanding:    
Basic 11,719,549 11,305,881
Diluted 11,719,549 11,305,881